Time to Hodl or buy the Dip?

[Ngemmeng]

When talking about bitcoin, I will definitely say "yes", because bitcoin is the most popular cryptocurrency and the price of bitcoin is currently relatively low and very suitable for long-term investment. but when talking about "dip" I also want to recommend MATIC because in yesterday's price drop the price of MATIC dropped dramatically compared to bitcoin and other big atcoins, so I think this is the right time to buy MATIC.

[Dr.Bitcoin_Strange]

but when talking about "dip" I also want to recommend MATIC because in yesterday's price drop the price of MATIC dropped dramatically compared to bitcoin and other big atcoins, so I think this is the right time to buy MATIC.

On this board, we are not discussing altcoins. By the way, that's not even what the OP is talking about; if you want to discuss altcoins, kindly go to the altcoin board and do so. I'm not sure you read the OP; if you do, I say you don't understand what you read.

[Weawant]

When talking about bitcoin, I will definitely say "yes", because bitcoin is the most popular cryptocurrency and the price of bitcoin is currently relatively low and very suitable for long-term investment. but when talking about "dip" I also want to recommend MATIC because in yesterday's price drop the price of MATIC dropped dramatically compared to bitcoin and other big atcoins, so I think this is the right time to buy MATIC.

Matic price dip more than other altcoins because it's among one the tokens been targetted by SEC. I will stay away from buying it because the price might dip further. I don't think the correction is over, we might see more dips if Bitcoin retest $20,00 before month ending.

During time of heavy bloodbath in the market, it's no wise to buy altcoins because you don't know if they'll dip further or be able to recover from the dip. Altcoins rely on Bitcoin which means if bitcoin was to continue falling then altcoins will follow as well.

Although this isn't the altcoins board to discuss other cryptocurrency that isn't bitcoin but still we can make mention of them in discussion. Therefore I don't see any problem with what the op did by making mention of matic but I won't invest in it not at this moment particularly.

[Chainsmokers]

but when talking about "dip" I also want to recommend MATIC because in yesterday's price drop the price of MATIC dropped dramatically compared to bitcoin and other big atcoins, so I think this is the right time to buy MATIC.

On this board, we are not discussing altcoins. By the way, that's not even what the OP is talking about; if you want to discuss altcoins, kindly go to the altcoin board and do so. I'm not sure you read the OP; if you do, I say you don't understand what you read.

OP didn't explain clearly whether he would hold or buy? because the OP mentioned the
bitcoin market cap and the price of Bitcoin $ 25k, if the OP said this is the right time to buy or hold Bitcoin of course we can understand,
but here I think there is no problem recommending altcoins.

Bitcoin has indeed hit $25k and now the market looks bearish,
for now you can hold first if panic sell occurs dump to $ 20k and even support is broken, then you better sell and buy at the bottom again.

[Dr.Bitcoin_Strange]

OP didn't explain clearly whether he would hold or buy? because the OP mentioned the
bitcoin market cap and the price of Bitcoin $ 25k, if the OP said this is the right time to buy or hold Bitcoin of course we can understand, but here I think there is no problem recommending altcoins.

You lead me through going back to re-read the OP, which I can clearly see and also believe is just referring to Bitcoin here. Please, someone should also correct me if I am wrong. It's not wrong to chip-in on the talk about altcoins just as you have said, but here, the OP is not talking about them. which is better to respect that rather than going off point in his comment. You can read OP again below.

With the current bear run of bitcoin at the market cap of 520.50B, down from 527.83B yesterday and down from 570.09B one year ago, at the price of $25k do you think it is a good opportunity to Hodl or buy the Dip in the current market?

[Natalim]

With the current bear run of bitcoin at the market cap of 520.50B, down from 527.83B yesterday and down from 570.09B one year ago, at the price of $25k do you think it is a good opportunity to Hodl or buy the Dip in the current market?

Might say that the market cap really matters to some people like you but for me (and many others), the current price and market situation matters a lot. Because Bitcoin will certainly grow and increase in price in the future due to increasing demand and users. The future of Bitcoin doesn't rely on the market cap but on the community who supports this project. In fact, many FUDs spread on the internet, and many government issues about banning Bitcoin, as we can see it even gained more supporters and users.

That is why I encourage those who have not yet buy Bitcoin, we have the chance but for those who have already, hold or just buy more.

[MFahad]

Buying is indeed best in bear market but never forget about the idea of buying everytime that you have funds .
Because our chance  is always there as long as we are willing to keep holding at least for certain time. 

This is true because if you have money and you wait for the market to lower so when the market downs and you have spend that money then how you will pit that amount in Bitcoin, in this case you will miss the opportunity to be a bitcoin investor.

The better way is that whenever you have some amount of money then surely put that sum into bitcoin because bitcoin can never disappoint you as you know that for some time bitcoin will show down price but surely one day you will be proud of your decision by examining your success.

If a person wants to make investment in some other coins then waiting for lower price is not a bad option but for bitcoin investor every single moment is the best to put money in Bitcoin as its price increases year by year.

[ShowOff]

This is true because if you have money and you wait for the market to lower so when the market downs and you have spend that money then how you will pit that amount in Bitcoin, in this case you will miss the opportunity to be a bitcoin investor.

The better way is that whenever you have some amount of money then surely put that sum into bitcoin because bitcoin can never disappoint you as you know that for some time bitcoin will show down price but surely one day you will be proud of your decision by examining your success.

If a person wants to make investment in some other coins then waiting for lower price is not a bad option but for bitcoin investor every single moment is the best to put money in Bitcoin as its price increases year by year.

They can wait for prices to go lower, but only if they know when to wait. Here analysis is needed to support the strategy, so it's not always a good idea to buy anytime and at any price if you have a budget. You could make the wrong decision by buying at the peak of the increase, while you no longer have a budget when the price is actually experiencing a correction. So besides DCA that you can rely on, analysis is also needed.

You can diversify as much as you want. You can pick a few potential altcoin, but I think you should have a higher percentage of bitcoin than altcoin in your portfolio. Bitcoin is good as a long-term investment, but not for many altcoin.

[MFahad]

They can wait for prices to go lower, but only if they know when to wait. Here analysis is needed to support the strategy, so it's not always a good idea to buy anytime and at any price if you have a budget. You could make the wrong decision by buying at the peak of the increase, while you no longer have a budget when the price is actually experiencing a correction. So besides DCA that you can rely on, analysis is also needed.

You can diversify as much as you want. You can pick a few potential altcoin, but I think you should have a higher percentage of bitcoin than altcoin in your portfolio. Bitcoin is good as a long-term investment, but not for many altcoin.

Diversification is very beneficial but for those who knows better about the altcoins and can predict the price for the future through analysis. What do you think that which altcoins will be the best for future success and earning huge income?

I think that bitcoin is good as compared to the other altcoins because we have experienced its past as well as we can see its present so surely its future will also be fruitful. New altcoins are originated but we don't know that it has the potential of giving you a profit or its future will be risky. So diversification is important and profitable but knowledge is also needed about altcoin that which altcoin will be good.

[doomloop]

You are lucky about time, but maybe not so about how much you have made. Perhaps some of the people who came into bitcoin after 2017 are far better able to understand bitcoin and its market than those who have been here since 2015, so there is no set standard by which to judge who is more successful. Everyone can be like that, including newbies.

The basic rule of investing is to invest only what you can afford to lose. It's all up to you if you will all in or not. If you do, it's better to do it in Bitcoin because our chance to be successful in it is high than compared to other coins out there. Having a reserve budget doesn't make you immune to failures but it only help you to come back and try your luck again.

Those who discover Bitcoin early are not always lucky because there are only limited resources before. They don't know what's coming up ahead so there is a big chance that they quit but maybe some come back after sometime after knowing the true potential of these cryptocurrencies.

[Texac]

They can wait for prices to go lower, but only if they know when to wait. Here analysis is needed to support the strategy, so it's not always a good idea to buy anytime and at any price if you have a budget. You could make the wrong decision by buying at the peak of the increase, while you no longer have a budget when the price is actually experiencing a correction. So besides DCA that you can rely on, analysis is also needed.

You can diversify as much as you want. You can pick a few potential altcoin, but I think you should have a higher percentage of bitcoin than altcoin in your portfolio. Bitcoin is good as a long-term investment, but not for many altcoin.

Diversification is very beneficial but for those who knows better about the altcoins and can predict the price for the future through analysis. What do you think that which altcoins will be the best for future success and earning huge income?

I think that bitcoin is good as compared to the other altcoins because we have experienced its past as well as we can see its present so surely its future will also be fruitful. New altcoins are originated but we don't know that it has the potential of giving you a profit or its future will be risky. So diversification is important and profitable but knowledge is also needed about altcoin that which altcoin will be good.

If you already think bitcoin is better than altcoins, why do you need to diversify with altcoins?  this doesn't make sense with your statement and I don't think investing in altcoins is diversification.  because the altcoin market depends on bitcoin, if bitcoin falls, then no altcoin will be able to bring you a profit. investing in altcoins only increases your risk, but if you can take the risk then you have a better chance of getting a higher return.

[ajiz138]

Anyone who buys when the current price is $25,000 they are already short-term profitable, when it comes to opportunities why not take the opportunity when you shouldn't ask because all we know is that $25,000 is already low and now that bitcoin has reached $30,000 more the price will probably continue to strengthen.

My opinion is to hold on to the bitcoin that you have is not much from the current increase, I believe there must be an even greater explosion to make the bitcoin pump stronger and believe that the more you are patient you will produce decent profits later.

IMO, even if you missed buying $25,000 the current price is $30,000 it's still worth buying and it's purpose is only for long term investment.

[MFahad]

If you already think bitcoin is better than altcoins, why do you need to diversify with altcoins?  this doesn't make sense with your statement and I don't think investing in altcoins is diversification.  because the altcoin market depends on bitcoin, if bitcoin falls, then no altcoin will be able to bring you a profit. investing in altcoins only increases your risk, but if you can take the risk then you have a better chance of getting a higher return.

Bitcoin is always better than any other coin but bitcoin price is so higher that everyone cannot afford to buy it and put money into it. As we think that bitcoin price goes down so its down but not as much as everyone will be able to buy it as its basic price is more higher.

So those who cannot afford to buy more bitcoin  should buy at least it by utlizing 10 percent of income and should also invest in some other altcoins so whenever the bitcoin goes up surely the selected altcoin will also goes up so in this situations you will have double profit.

You are right that taking risk is not a big deal as one will only be a successful person once he moves across both straight and zigzag path as in this way experience is built which can be profitable for you and those who are afraid of risk will always shy to take part in order to be successful.

[Greyhats]

When it’s comes to allocating what to put in this can also be variable. I would liken it to saving, at first you think you can only save eg 5% a month but over time you figure out you can do more and more. It takes time to find the balance that works for you. Then you can allocate that savings into different things like saving fiat(eg dip buying, big purchases, frivolous spending), dca(btc, stocks etc ) or whatever investments you want to do. The most important take away though is get started on your journey and figure it out as go along.

[Bitcoin2009]

Of course these 2 techniques are the best, buy when dip and hold for long term, if we don't really need money then hold longer is the best option, many people regret not buying when the price is below $25k and if we don't buy immediately from now on then we will regret it because by july the price will be $40k or more.

[kesmex]

Of course these 2 techniques are the best, buy when dip and hold for long term, if we don't really need money then hold longer is the best option, many people regret not buying when the price is below $25k and if we don't buy immediately from now on then we will regret it because by july the price will be $40k or more.

It's great to hear that bitcoin price hit $40k in july, but how do you say that?
is there any analysis on that, of course if there is you can share it here,
because so we know whether we should hold or maybe sell.

[Lubang Bawah]

The simple thing that everyone can do when investing in bitcoin is to buy when it dips and then hold, if we have a big profit target then we can use spot exchanges so that after buying we can sell it by adding the profit margin we want, but if we focus on the long term then it's better to use it for staking or hold it in a private wallet.

[ningrum]

Hodl or buy the dip depends on ourselves, if we have a lot of money then we can buy it at the bottom,
but if you have bought it at the top price of course Hodl is a good choice, because today Bitcoin has penetrated $ 30k, it will feel sad if sell it.

[Ricardo11]

We should always buy the dip and then hold. This is the best method of retention. Bitcoin will be pumped in few days. Many think the next ATH may also be gone. And as such, Bitcoin is currently in the deep end. And if this is true then I think this is the right time to buy Bitcoin.

[Greyhats]

Anything under the last ath is the dip. If you’re in stacking mode just think of it like that, the new ath > old Ath so anything you stacked under the last Ath will be positive.